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Neptune Rentals offers a boat rental service. Consider the following costs of the company over the relevant of 5,000 to 8,000 hours of operating time
Neptune Rentals offers a boat rental service. Consider the following costs of the company over the relevant of 5,000 to 8,000 hours of operating time for its hours:
Hours of Operating Time
5,000 6,000 7,000 8,000
Total costs:
Variable costs$ 50,000 $ ? $ ? $ ? Fixed costs 210,000 ? ? ?
Total costs.. $260,000 $ ? $ ? $ ?
Question: What is the variable cost per unit?
Question 24 options:
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A) | $6 |
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B) | $8 |
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C) | $7 |
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D) | $10 |
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